A new TransUnion study found that the lease market was down almost half from 31% in January 2020 to 17% in July 2022, more than twice the decrease in auto financing over the same period.  The study also examined the behavior of 3.8 million consumers who terminated a lease between July 2021 and June 2022. […] [Read More]

Credit Union Leasing of America (CULA) president Ken Sopp and vice president of business development Mark Chandler not only reviewed the company’s record-breaking year, the executives tackled questions that’s perplexed experts for some time during this episode of the Auto Remarketing Podcast recorded during NADA Show 2023 in Dallas. Is now the time used-vehicle leasing […] [Read More]

Tony Wanderon had a busy start to 2023, highlighted by becoming CEO of APCO Holdings after it acquired National Auto Care (NAC). Wanderon spent some time during NADA Show 2023 in Dallas for this episode of the Auto Remarketing Podcast recapping how the deal came together as well as current views of the F&I market. […] [Read More]

Paul McCarthy returned for another episode of the Auto Remarketing Podcast, this time as vice president of sales, key accounts, at Protective Asset Protection. McCarthy took time during NADA Show 2023 in Dallas to share his perspectives on the current F&I landscape and why it’s important for dealers to present products before vehicle buyers are […] [Read More]

One of the main sponsors of the upcoming Auto Intel Summit and NRC Spring Summit now has new ownership. Late on Thursday, S&P Global Mobility announced the acquisition of Market Scan Information Systems, a leading provider of automotive pricing and incentive intelligence and one of the sponsors of those events set to be orchestrated by […] [Read More]

E Automotive Inc. has promoted executive Lisa Scott to serve as president of its EBlock business unit, the company said late Thursday afternoon. Scott was previously EBlock’s chief revenue officer. Her prior roles include serving as president of PAR North America and chief client officer at ADESA Canada. The promotion is part of the company’s […] [Read More]

The vehicle transport and logistics space continues to grow. Late last month, a new online portal for vehicle logistics launched: Auto Hauler Exchange, a platform the company says, “streamlines the shipping process, cuts shipping delays, and reduces empty space on carriers and unnecessary miles while increasing revenue.” Auto Hauler Exchange, also called AHX, aims to […] [Read More]

Roger Penske shared some good news about Penske Automotive Group’s used-only chain, CarShop, during the company’s fourth quarter and full-year 2022 earnings call last week. He noted that CarShop unit sales increased 12% to 71,242 units during 2022 and that revenue increased 16% to $1.7 billion. He also shared some CarShop news that was not […] [Read More]

Five industry organizations — including the National Independent Automobile Dealers Association — welcomed the recent reintroduction of the Right to Equitable and Professional Auto Industry Repair (REPAIR) Act in the U.S. House. According to NIADA, the REPAIR Act (H.R. 906) would ensure consumers have access to data relating to their vehicles, critical repair information, tools […] [Read More]

Focused on what auto finance underwriters might see daily, the Consumer Financial Protection Bureau (CFPB) released a report this week examining trends in credit reporting of debt in collections from 2018 to 2022. While focused on other parts of the credit market, the report showed the total number of collections tradelines on credit reports declined […] [Read More]